by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
Discover the financial aid possibilities at Trinidad State Junior College and learn what assistance you might qualify for by continuing to read.
$8,328.00 is the typical Trinidad State Junior College’s first year financial aid package. About 89% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Trinidad State Junior College you could end up dealing with.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
53% of new students (131 total) were offered scholarships at Trinidad State Junior College, averaging $4,197.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 68% of first years (167 total) were awarded federal grant aid, averaging $5,988.00 each.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 33.60% | $9,854.00 |
| Income 30k-48k | 11.34% | $9,529.00 |
| Income 48k-75k | 7.69% | $8,352.00 |
| Income 75k-110k | 2.43% | $4,261.00 |
| Income 110k + | 0.81% | $5,442.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
89% of the 247 undergraduates at Trinidad State Junior College receive some sort of grant aid. This is a total of about 211 students getting an average of $8,328.00 per person.The largest share of which are in the guise of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
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